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MainStay MacKay Short Term Municipal Inv MYTBX

Analyst rating as of
NAV / 1-Day Return
9.73  /  0.10 %
Total Assets
1.9 Bil
Adj. Expense Ratio
1.010%
Expense Ratio
1.010%
Fee Level
High
Longest Manager Tenure
5.74 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,000
Status
Open
TTM Yield
0.78%
Effective Duration
2.10 years
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Morningstar’s Analysis

Will MYTBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

The strategy has become more stable after multiple mandate changes.

Summary

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MainStay MacKay Short Term Municipal has undergone multiple transitions in its recent history and has not demonstrated an edge within its category since it was last reorganized in 2018. This limits its Morningstar Analyst Rating to Neutral for most share classes, while its most expensive investor share class earns a Negative rating.

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